Why India is One of the Best Destinations for FDI Today Around the Globe in 2019?

FDI Consultancy Services in India

Today, India is one of the fastest growing economy around the Globe.  According to the official sources of Government of India, India is one of preferred countries for Foreign Direct Investment (FDI) because of strong domestic consumption.

One of the major reasons of investment by the foreign companies in India is its comparatively lower wages. According to the recent update, one of the most popular mobile manufacturing companies of South Korea ‘Samsung Electronics’ has announced to wind up their all mobile manufacturing units from China because of increment in wages. Now, this company can start their new manufacturing units in India because of comparatively lower wages and other benefits announced by Government of India to increase the FDI.

Today, youth population in India is highest in the world. Here talented engineers and other skilled workers are easily available with comparatively lower wages. According to the legal firms who provide the consultancy services about FDI in India, because of skills, hard works and lower wages, Indian workers are preferred by the foreign companies.  In addition to this, foreign companies get billions of consumers in India with high income who can buy their products or services easily.

The Government of India has set their target to make 5 trillion-dollar economy in next 5 years. Therefore, Ministry of Finance has done big announcement to attract FDI in India. The Government announced the big reduction in corporate tax. Now the corporate tax will be 25.7% from 35% while for new manufacturing companies, it has been reduced to 15% from 25%. This big reduction in corporate tax is also one of the major reasons to make India one of the preferred destinations for Foreign Direct Investment (FDI).


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